Question selected accounts of the weinstein musical society

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Reference no: EM13348806

Question :

Selected accounts of the Weinstein Musical Society, a nongovernment, not-for-profit organization for the year ended December 31, 20X5 is shown below in alphabetical order (all amounts are in thousands of dollars and all accounts have a normal balance):

Administrative salaries $45

Cash contributions restricted for Classical Music Appreciation Program 250

Collections of unrestricted pledges from prior year 300

Depreciation-Office Equipment 2

Depreciation-Equipment-Classical Music Appreciation Program 12

Depreciation-Maestro Program 5

Fundraising expenses 75

Investment Income 100

Materials and supplies used-Maestro Program 330

Payment of interest on note 22

Payment to retire long-term note that matured during the year 250

Pledges during year (and outstanding at year end) to support Maestro Program 1,200

Rent-Performance Halls-Professional Program 500

Salaries-Professional Program 379

Teacher salaries-Classical Music Appreciation Program 23

Teacher salaries-Maestro Program 77

Temporarily restricted net assets, January 1, 20X5 1,100

Ticket sales-Performances of Musicians in the Professional Program 150

Unrestricted cash contributions 800

Unrestricted net assets, January 1, 20X5 320

Unrestricted pledges during year (and outstanding at year end) 540

Unrestricted earnings on investments of temporarily restricted investments 58

All expenses of the Maestro and the Classical Music Appreciation Programs are payable from donor restricted resources.

Requirement: Purpose the Statement of Activity for the Society

Reference no: EM13348806

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